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Companies buy back shares on May 19

KUALA LUMPUR: Several companies bought back shares yesterdday, listings on Bursa Malaysia on May 19 showed. Mudajaya Group Bhd bought back a total of 1,000 ordinary shares of RM0.20 each, purchased for RM5,217.56. Ken Holdings Bhd also did the same, buying a total of 10,000 shares for RM7,756.51. Brem Holdings Bhd bought back 22,000 ordinary shares of RM1 each, for RM25,781.38.

20 May, 2010
Singapore economy soars; govt warns of asset bubbles

SINGAPORE: Singapore's economy grew more strongly than expected in the first quarter, helped by a recovery in manufacturing, but the government warned of risks from asset price bubbles in Asia and the fallout from Europe's debt crisis.

20 May, 2010
BRDB’s 1Q2010 revenue down by 7%

KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB)’s recorded group revenue of RM189.8 million for 1Q2010, down 7% against RM204.2 million over the same period a year ago, mainly due to lower property sales, it was announced on Bursa Malaysia on May 19.

19 May, 2010
SPK-Sentosa records loss before tax of RM2.359 million for 1Q2010

KUALA LUMPUR: SPK-Sentosa recorded a loss before tax of RM2.359 million for the quarter ended March 31, 2010 (1Q2010), compared with a profit before tax of RM2.678 million for the same quarter last year. This was announced on Bursa Malaysia on May 19.

19 May, 2010
TRC Synergy unit secures RM45m job for Kota Baru airport

KUALA LUMPUR: TRC Synergy Bhd's unit Trans Resources Corp Sdn Bhd has secured a RM45 million contract to upgrade the Sultan Ismail Petra airport in Kota Baru.

TRC said on Wednesday, May 19, its unit received the letter of acceptance from Wira Akil Holdings Sdn Bhd on Monday.

19 May, 2010
Faber's RM57.8m Abu Dhabi contracts renewed

KUALA LUMPUR: Faber Group Bhd has had two contracts totalling AED65.6 million (RM57.8 million) with the Department of Municipal Affairs, Western Region Municipality (WRM), Emirate of Abu Dhabi, renewed for another year.

19 May, 2010
General Corp Bhd to be sold for RM505.044 million

KUALA LUMPUR: General Corp Bhd (GCB) will dispose of its entire operations (including assets and liabilities) to Consistent Record Sdn Bhd (CRSB) for RM505.044 million. GCB entered into a conditional sales and purchase agreement with CRSB as announced on Bursa Malaysia on May 19.

19 May, 2010
E&O buys back more shares

KUALA LUMPUR: Eastern & Oriental Bhd announced a share buy back exercise on May 19 on Bursa Malaysia. A total of 350,000 ordinary stock units of RM1 each were purchased for RM332,287.29.

19 May, 2010
Mah Sing buys Shah Alam land for RM45.5 million

KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) acquired 19.18 acres of freehold industrial land in HICOM Industrial Estate in Shah Alam for RM45.5 million or about RM54.45 psf, it announced on Bursa Malaysia on May 19.

The land was acquired by Mah Sing through its wholly-owned subsidiary, Multi Synergy Group Sdn Bhd from Quill Industrial Properties Sdn Bhd.

19 May, 2010